Lemon Tree Debuts With 10% Premium At Rs. 61.6 On NSE

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Lemon Tree Hotels made its debut on Monday with a 10% premium at Rs. 61.60 over the issue price of Rs. 56 on the National Stock Exchange.

    Lemon Tree Debuts With 10% Premium At Rs. 61.6 On NSE

    The stock price increased to Rs. 65 or 16% higher over the issue price therafter in trade.

    The issue got a subscription to the tune of 1.19 times during the IPO issue that remained open from March 26 to March 28, 2018. Against the total issue size of 12,98,35,580 shares, the hospitality chain received bids for 15.49 crore shares.

    Price band for the Rs. 1,038 crore IPO issue was fixed at Rs 54-56 per share.

    The quota reserved for qualified institutional buyers or QIBs was subscribed 3.89 times while the retail and non-institutional investor class subscribed 12% each.

    From anchor investors, the company netted proceeds to the tune of Rs. 311 crore.
    Kotak Mahindra Capital Company, CLSA India, and J.P. Morgan India and YES Securities (India) are the global coordinators and book running lead managers to the offer.

    At 10:16 am the stock was quoting lower over the listing price at Rs. 59.20 on the BSE and NSE respectively.


    Read more about: ipo qib anchor investsment
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more